https://twitter.com/JomboyMedia/status/1404880068439117836
This is unreal pathetic fake news. It would be one thing if it was only up on sports sites, who maybe can be forgiven for not knowing what they're talking about when it comes to stock prices, value, etc. But I'm seeing it on financial websites who should know better.
Ignoring the fact that short term price fluctuations like these are not really meaningful, especially when you're talking about a very small percentage change, they're basically making up numbers. The articles all say something along the lines of the stock opening at $56.17 on Monday, and falling to $55.20 by the end of the press conference (56.17-55.20=.97 * 4.31B shares =$4B+). Aside from the fact that the market does not react that quickly to something very few people are watching (this is a press conference before their first game of the tournament, which was played Tuesday - not an actual game), it didn't open at $56.17 - it closed last Friday at that price, AND THEN THEY PAID A DIVIDEND. It actually opened Monday at $55.69 and closed at $55.55. That's a negligible change in context.
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Topic: The Funny/strange/interesting/random Tweets Thread (Read 538812 times)